It’s easy to think of Uber as belonging squarely American millennials, but the ride-hailing app, and the ecosystem attached to it, are truly global enterprises. The service operates and competes in dozens of nations worldwide… except with one less, now that it’s having to give up on one of the most populated countries on Earth.
Last week, department store chain Macy’s announced its holiday season results and its plans to close 40 stores in the coming months. Shoe retailer Finish Line announced plans to close 150 stores by the year 2020. Yet what you never hear about in the national news anymore is how many stores Sears Holdings, corporate parent of Sears and Kmart, is planning to close, even as they continue to shut down underperforming stores. [More]
Motorola Heading To That Cellphone Store In The Sky As Parent Company Lenovo Starts Phasing Out Brand Name
Clutch your Razr tight and give the StarTAC under your pillow a pat — the Motorola name will soon be a thing of the past. [More]
Gap is shutting down its Piperlime brand. “Piper what?” you may be saying. Exactly. The brand started as an online-only shoe store, then expanded to mostly selling items from designer brands that aren’t Gap Inc. brands. The brand was more upscale than Banana Republic, and that simply didn’t catch on with consumers. [More]
A Washington D.C. waffle joint that opened its doors just three months ago has announced it’s going out of business, which in itself isn’t news. Businesses in the food industry often don’t make it, after all. But in this case, the shop’s owner is blaming Groupon’s payment practices coupled with the sudden surge in demand for waffles as the reason for the restaurant’s early demise.